
ICV CAPITAL PARTNERS RAISES $313 MILLION FOR SECOND BUYOUT FUND
By Brett Cole Bloomberg
09:33 (New York) September 13, 2006 (Bloomberg) — ICV Capital Partners LLC, a New York
private-equity firm that acquires smaller companies, raised $313
million for its second leveraged buyout fund, exceeding an
initial target of $200 million.
The fund will acquire companies with annual sales of as much
as $100 million, ICV said in a statement today. Investors in
ICV's latest fund included the largest U.S. public pension, the
California Public Employees' Retirement System, Lehman Brothers
Holdings Inc. and the State of Connecticut.
The aim is to help companies the fund acquires grow and make
acquisitions, ICV President Willie Woods said in the statement.
ICV was founded in 1998 and now manages about $440 million
in capital concentrating on acquiring health care, food
processing, consumer, commercial services and manufacturing
businesses. Its investments have included Sterling Foods Ltd., a
provider of bakery products for the military, and Hilsinger Co.,
an eyewear provider.
--Editor: Ludwig
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